Jontay Porter Pleads Guilty To Felony, Likely Facing Prison Time
Former Raptors big man Jontay Porter pleaded guilty on Wednesday to a federal felony charge of conspiracy to commit wire fraud, reports Jennifer Peltz of The Associated Press.
“I know what I did was wrong, unlawful, and I am deeply sorry,” said Porter, who was released on a $250K bond signed by his mother and wife, according to Mike Vorkunov of The Athletic. Porter’s sentencing is set for December 18 in New York.
Prosecutors estimated that Porter could receive 41 to 51 months in prison, but the final say will come from a judge, who could impose no time or up to a maximum of 20 years. The 24-year-old is also likely to be docked “hundreds of thousands of dollars in restitution and fines,” per Peltz.
Porter, who told the court he is in therapy and has received inpatient rehabilitation for a gambling addiction, was banned from the NBA in April following an investigation into betting-related irregularities.
Porter is tied to another federal case involving four men who are also charged with conspiracy to commit wire fraud. The defendants are accused of profiting from prop bets based on the knowledge that Porter would exit a pair of games early. The complaint also alleges that Porter – who isn’t identified by name but fits the description of the player described – was supposed to receive a portion of the winnings. Porter was allegedly pressured by one of the defendants due outstanding gambling debts. The four defendants have yet to enter pleas.
In 26 games for Toronto in 2023/24, Porter averaged 4.4 points, 3.2 rebounds, and 2.3 assists in 13.8 minutes per night. He earned $415K last season while on a two-way contract with the Raptors.
Hawks, Bruno Fernando Agree To Push Back Guarantee Date
For the second time this summer, the Hawks and Bruno Fernando have reached an agreement to push back his salary guarantee date, reports Brad Rowland of Locked on Hawks (via Twitter).
The two sides originally postponed Fernando’s guarantee date from June 29 to July 10. According to Rowland, the new guarantee date is August 1.
Lauren L. Williams of The Atlanta Journal-Constitution reported earlier on Wednesday that the Hawks and Fernando were discussing postponing the deadline again.
Fernando has some incentive to give Atlanta more time with the decision if it increases his odds of remaining on the roster and earning his full $2.72MM salary for 2024/25. In 2023, Atlanta moved Fernando’s salary guarantee deadline from June 29 to July 10, then ultimately kept him on the roster, guaranteeing his full $2.58MM salary for ’23/24.
The 34th pick of the 2019 draft after two college seasons at Maryland, Fernando has appeared in 203 regular season games over the course of his five-year NBA career, having suited up for Atlanta, Boston and Houston. Most of those appearances (142) have come with the Hawks.
A 6’9″ center from Angola who possesses a 7’3″ wingspan, Fernando didn’t play much at all in the first half of last season, appearing in just 13 of Atlanta’s first 49 games for an average of 6.5 minutes per contest. However, he was thrust into a larger role down the stretch due to a series of frontcourt injuries, averaging 7.6 PPG and 5.2 RPG while shooting 59.4% from the floor and 70.1% from the line over his final 32 games (18.7 MPG).
Pistons Sign Cade Cunningham To Five-Year Max Extension
JULY 10: Cunningham’s maximum-salary extension is official, the Pistons announced today in a press release.
Cunningham is the third player to sign a max rookie scale extension this offseason, joining Scottie Barnes of the Raptors and Franz Wagner of the Magic.
JULY 9: The Pistons and Cunningham are in agreement on a five-year, maximum-salary rookie scale extension, agents Jeff Schwartz and James Dunleavy tell Adrian Wojnarowski of ESPN (Twitter link).
Wojnarowski says it’s a $224MM deal that could be worth up to $269MM, which means it will include Rose rule language that could bump the starting salary from 25% of the 2025/26 cap to 30% if Cunningham makes an All-NBA team
JUNE 30: The Pistons intend to sign 2021 No. 1 overall pick Cade Cunningham to a five-year, rookie scale max extension, sources tell Shams Charania and James L. Edwards III of The Athletic (Twitter link).
The exact value of Cunningham’s extension is currently unknown. If the salary cap rises by 10% in 2025/26, which is when the extension will kick in, it would be worth approximately $224MM.
ESPN’s Bobby Marks hears (via Twitter) that while Detroit and Cunningham have discussed an extension, a deal doesn’t appear to be imminent. However, Omari Sankofa II of The Detroit Free Press has sources who say it’s on track to get done. The guard can’t officially sign anything until July 6.
After a promising ’21/22 campaign which saw Cunningham finish third in Rookie of the Year voting, the 22-year-old was limited to just 12 games due to season-ending surgery in ’22/23. Despite the Pistons finishing with the NBA’s worst record in ’23/24, Cunningham had a strong third season, averaging 22.7 PPG, 4.3 RPG, 7.5 APG and 0.9 SPG on .449/.355/.869 shooting in 62 games (33.5 MPG).
Assuming Cunningham’s contract comes to fruition, which seems likely, he would join Raptors forward Scottie Barnes as the second player from the 2021 draft class to agree to a rookie scale extension. The full list of players eligible for rookie scale deals can be found right here.
While Barnes agreed to an extension that features Rose rule language, potentially allowing him to earn 30% of the ’25/26 salary cap instead of 25%, the terms Charania and Edwards reported suggest that Cunningam might not have gotten that offer from Detroit. Either way, it’s a major commitment to the 6’6″ guard, who will earn $13.94MM in ’24/25, which is the final season of his rookie scale contract.
Clippers Sign Kai Jones To Exhibit 10 Contract
JULY 10: The Clippers have officially signed Jones, according to the NBA’s transaction log. His deal includes Exhibit 9 and Exhibit 10 language, per Keith Smith of Spotrac (Twitter link), so it won’t count against the team’s cap unless he makes the regular season roster.
JULY 5: The Clippers are re-signing free agent big man Kai Jones to a non-guaranteed contract, reports Shams Charania of The Athletic (via Twitter).
Jones’ non-guaranteed deal will cover one year for the veteran’s minimum, according to Law Murray of The Athletic (Twitter link). The Bahamian forward/center will be competing for a roster spot in training camp, per Charania.
The 19th overall pick in the 2021 draft, Jones wasn’t able to earn rotation minutes during his first two seasons with Charlotte. He was waived in October after a series of unusual social media posts that called out several of his Hornets teammates.
Jones returned to the NBA in March on a 10-day contract with Philadelphia, but didn’t see any game action before it expired in part due to a hamstring injury. He signed with the Clippers on the final day of the regular season and didn’t get into a game with them either.
The Clips declined Jones’ team option for 2024/25 last week, making him an unrestricted free agent. However, Murray reported multiple times that the 23-year-old was expected to return to L.A.
Murray also stated that Jones is currently dealing with an ankle injury that will prevent him from playing in Summer League.
Lakers Notes: Bronny, Knecht, LeBron, Redick, St. Jean
Bronny James had an uneven debut with the Lakers on Saturday at the California Classic summer league, writes Anthony De Leon of The Los Angeles Times. The 55th overall pick of last month’s draft, James finished with four points (on 2-of-9 shooting), two assists, two rebounds and a steal in 22 minutes.
“Overall [I need to] just be aggressive, believe in myself and know that I can make plays for myself and my teammates,” James said. “Playing my game on the defensive end, especially because I believe I know how to play.”
“He’s going to play — granted, if he’s healthy — throughout this whole thing,” summer league coach Dane Johnson said, per Dave McMenamin of ESPN. “We’re going to try to integrate him and try to get him as many reps as we can. Because he needs more experience playing. And especially the NBA game. It’s a little different than college, so getting reps in the NBA, in an NBA setting with good players will help him in the long run.”
First-rounder Dalton Knecht also showed signs of rust, De Leon notes, putting up 12 points, four assists, two rebounds and two steals, but going just 3-of-12 from the floor in 26 minutes. The Lakers lost to the Kings by 14 points.
Here’s more on the Lakers:
- ESPN insiders McMenamin, Kendra Andrews and Baxter Holmes provide their takeaways from Bronny’s debut.
- LeBron James was ecstatic that the Lakers drafted his son Bronny, according to Tim Bontemps of ESPN. “For me to see my son to be able to, you know, be in the NBA alone. I mean, it’s always been a dream of his and for us to be side by side … there’s a loss of words, to be honest,” LeBron said after his first practice with Team USA ahead of the Paris Olympics.”I mean, the kid has worked so hard to get back to this point. There’s just so much that’s happened over the last year with him to have this happen less than a year from his incident to be with our friends and our family. When they announced his name, it was something that was super surreal, and it’s kind of still, our family still don’t even have enough words to explain the feeling that we had.” Both LeBron and Anthony Davis — another member of Team USA — were optimistic about the hiring of J.J. Redick as head coach, Bontemps adds.
- Replacing Darvin Ham with Redick has been the Lakers’ biggest offseason move to this point. Will a new coach be enough to improve a team with a roster that’s mostly the same as 2023/24? Mirjam Swanson of The Southern California News Group explores that topic.
- The Lakers are hiring Greg St. Jean as an assistant coach on Redick’s staff, sources tell Michael Scotto of HoopsHype (Twitter link). St. Jean, who was an assistant in L.A. when the Lakers won the title in 2020, has worked for Dallas and Phoenix in recent seasons, Scotto notes.
New York Notes: Bridges Trade, Hartenstein, Nets, Gaitley
The Knicks‘ blockbuster trade with the Nets to acquire Mikal Bridges stunned his former Villanova teammates Jalen Brunson and Josh Hart, as Bradley Locker of The New York Post relays.
“I never thought it would happen,” Brunson said on the Roommates Show podcast he co-hosts with Hart. “When’s the last time the Nets made a trade with the Knicks?”
Hart answered Brunson’s question — 1983 — and elaborated on his own skepticism of a deal coming together.
“You don’t think it’s really going to happen, but you’re like, ‘You know what? Let me just go mess with ‘kal,’” Hart said, referring to postgame discussions in matchups between the Knicks and Nets. “Because that’s my guy.”
Here’s more on the NBA’s two New York-based teams:
- Isaiah Hartenstein left the Knicks to join the Thunder in part because he believes he’ll have an opportunity to broaden his game, “especially offensively,” writes Stefan Bondy of The New York Post. “If you’re an NBA player, you have to adapt to certain roles. And that’s what I did in New York,” Hartenstein said. “My passing only came out in the last year. My first year, I had to adapt to a certain role. So I feel like I can get back to that shooting aspect. Before, I was shooting, so I want to get back to that even more.” Hartenstein’s front-loaded three-year contract with Oklahoma City became official on Saturday. It will guarantee him $58.5MM over the next two seasons, with a third-year team option.
- On the same Roommates Show podcast, Hart and Brunson expressed frustration that the Knicks were only able to offer Hartenstein a four-year, $72.5MM contract because he only had Early Bird rights, per Steve Popper of Newsday (subscriber link). “I feel like in those situations, you shouldn’t be restricted on what you can sign your own guys for,” Hart said of Hartenstein. “Especially, like, he signed a two-year, $16 [million contract], he played well for you guys, under your coaches, your system. Then you should be rewarded in helping develop that guy and should be able to offer him whatever. You guys did really good, he played well. [But] let’s slow down, you can only offer him this? That’s idiotic.”
- New head coach Jordi Fernandez will have his work cut out for him with the rebuilding Nets, according to Evan Barnes of Newsday (subscription required). Although there may be less pressure on Fernandez in some ways since Brooklyn will likely be a lottery team in 2024/25, trying to get buy-in from veterans on the trade block while developing the team’s young players will be a difficult balance to strike, Barnes observes.
- The Nets are hiring Dutch Gaitley as an assistant coach, a source tells Net Income of NetsDaily.com (Twitter link). Gaitley, who previously spent four years with Charlotte, worked with Fernandez the past two years in Sacramento as the Kings‘ director of player development.
Wizards Acquire Jonas Valanciunas In Sign-And-Trade
JULY 6: The Wizards have officially added Valanciunas, completing the signing via sign-and-trade, the team announced today in a press release.
Washington was able to take on Valanciunas using a $9.8MM trade exception created in last July’s Monte Morris trade, preserving its full $12.9MM mid-level exception.
In exchange for accommodating the Wizards, the Pelicans received the Bulls’ top-50 protected 2027 pick. That pick may not actually convey, but New Orleans will also create a trade exception of its own equivalent to Valanciunas’ outgoing salary, which will be around $9.9MM, per Christian Clark of NOLA.com (Twitter link).
Valanciunas’ contract will be fully guaranteed for the first two years and non-guaranteed in year three, tweets Michael Scotto of HoopsHype.
JUNE 30: The Wizards have found a new starting center, having agreed to terms with Jonas Valanciunas on a three-year, $30MM contract, sources tell Adrian Wojnarowski of ESPN (Twitter link).
According to Josh Robbins of The Athletic, it’s a straight three-year deal, with no player or team option (Twitter link).
Jake Fischer of Yahoo Sports linked Valanciunas to the rebuilding Wizards just before free agency opened. The Lakers were reportedly among the other suitors for the 32-year-old.
As cap expert Yossi Gozlan tweets, Washington has a couple options to complete the move. The most straightforward way would be to use the non-taxpayer mid-level exception. However, the Wizards also have a trade exception that could be used to acquire Valanciunas via sign-and-trade, which could be help the Pelicans — Valanciunas’ former club — find a starting center to replace the veteran big man if the deal is expanded. Either scenario would see the Wizards hard-capped at the first tax apron.
One of the NBA’s best rebounders on a per-minute basis, Valanciunas is a throwback center who primarily operates out of the low post, relying on size and strength rather than agility and athleticism. He has been quite durable over the course of his 12-year career, including playing all 82 games for New Orleans in 2023/24.
Overall, Valanciunas averaged 12.2 PPG, 8.8 RPG and 2.1 APG on .559/.308/.785 shooting in 23.5 MPG last season.
While he has his limitations, primarily on defense, Valanciunas will provide veteran leadership, professionalism, toughness, and production in the middle for a young Wizards team that added its presumptive center of the future (Alex Sarr) on Wednesday with the No. 2 overall pick in the draft.
Magic’s Franz Wagner Signs Five-Year Max Extension
JULY 6: Wagner’s maximum-salary extension is now official, according to a press release from the Magic (Twitter link).
JULY 5: The Magic are signing Franz Wagner to a five-year, maximum-salary rookie scale extension, reports Shams Charania of The Athletic and Stadium (via Twitter). It will be the biggest contract in franchise history.
ESPN’s Adrian Wojnarowski confirms that Wagner’s extension, which will begin in 2025/26, contains Rose rule language. Wagner would need to win MVP, Defensive Player of the Year, or make an All-NBA team in 2024/25 in order to earn a starting salary worth 30% of the ’25/26 salary cap instead of 25%.
Assuming the salary cap rises by 10% in ’25/26, Wagner will earn at least $224MM from 2025-30, with the potential to make about $269MM. ESPN’s Bobby Marks has a year-by-year breakdown of the projected extension (Twitter link).
The No. 8 overall pick of the 2021 draft after two college seasons at Michigan, Wagner has started every game in which he’s appeared for Orlando over his first three NBA seasons. The 22-year-old German posted career highs in several statistics in 2023/24, including points (19.7), rebounds (5.3), assists (3.7) and steals per game (1.1).
In addition to his two-way versatility, the 6’10” forward has been quite durable to this point in his career, only missing 15 of a possible 246 regular season games. Wagner won a gold medal with Germany at last summer’s World Cup and was on the team’s preliminary roster ahead of the 2024 Olympics in Paris, which open in late July. He called the chance to play in the Olympics “a dream come true.”
Wagner is the second player to agree to a rookie scale extension this summer, joining Raptors forward Scottie Barnes, who will also be signing a five-year max deal featuring Rose rule language. Pistons guard Cade Cunningham is also expected to sign a max extension, but the deal has yet to be finalized.
Wagner will earn just over $7MM next season in the final campaign of his rookie scale contract.
Trade Rumors: Markkanen, DeRozan, Young, Cavaliers
The Jazz continue to listen to trade offers for Lauri Markkanen, according to ESPN’s Zach Lowe (subscriber link), who hears from sources who say the Heat are among the teams interested in the star forward.
As Lowe writes, Markkanen’s situation is complicated because he’s on a below-market contract that will pay him $18MM in 2024/25, which is the final season of his contract. That makes a standard contract extension – which can’t start above 40% of his current salary – unlikely. Rival teams may not be willing to give up a major haul of assets with no guarantees that the 27-year-old would stick around beyond next season.
Utah could potentially get more value in return for Markkanen in several months if the team renegotiates and then extends his contract. However, that scenario is also tricky.
As Marc Stein details (Substack link), Markkanen becomes eligible for a renegotiation and extension on August 6, but he won’t be trade-eligible for six months if he signs a new deal. That means if he signs the extension on the first day he’s eligible to, he would only be eligible to be traded for one day during the season: February 6, the day of the deadline. If the extension is signed on August 7 (or later), Markkanen would not be eligible to traded during the upcoming season.
While it’s not surprising that the Heat have shown interest in the Finnish star, Barry Jackson of The Miami Herald casts doubt (via Twitter) on the feasibility of the team actually acquiring him. As Jackson notes, Utah has placed a high asking price in previous talks with Miami, which lacks future first-round picks to offer.
One team interested in Markkanen seems confident that he’ll eventually be traded, per Stein. Utah’s own 2025 first-round pick is top-10 protected, so the Jazz could be incentivized to tank ahead of a strong draft class. Utah has also struggled to acquire a second star to build the roster around him.
Here are some more trade rumors from around the NBA:
- The Kings appear to be the frontrunner to acquire DeMar DeRozan in a sign-and-trade with the Bulls, according to ESPN’s Adrian Wojnarowski, who made the comments on SportsCenter (Twitter video link; hat tip to RealGM). However, Wojnarowski said a third team would likely to be need to be involved to absorb salaries, as Chicago is reluctant to add to its payroll. A six-time All-Star, DeRozan remains the top free agent left on the market.
- According to Lowe, the trade market for Hawks point guard Trae Young “is as chilly as it has ever been.” Sources tell Lowe that the Spurs and Lakers — two teams linked to Young — haven’t expressed much recent interest in the three-time All-Star. Lowe says San Antonio appears unmotivated to help Atlanta regain control of its own first-round picks in a deal for Young.
- Lowe hears rumors of Darius Garland potentially requesting a trade from the Cavaliers following Donovan Mitchell‘s extension have “quieted,” which confirms a report from his ESPN colleague Brian Windhorst. According to Lowe’s sources, the Cavs are still on the hunt for a 3-and-D wing, with Nets forwards Cameron Johnson and Dorian Finney-Smith worth monitoring, though Cleveland only has one tradable first-round pick (2031). Stein has also heard that center Jarrett Allen will likely be difficult to acquire after Kenny Atkinson was hired as head coach, which means the Cavs could have the same core together entering next season.
Clippers Sign Cam Christie To Four-Year Deal
4:08pm: Christie has officially signed with the Clippers, per NBA.com’s transaction log.
10:34am: The Clippers plan to sign second-rounder Cam Christie to a four-year, $7.9MM contract, sources tell Michael Scotto of HoopsHype (Twitter link).
The 46th overall pick of June’s draft, Christie was one of the youngest players selected, as he won’t turn 19 until later this month. He averaged 11.3 points, 3.6 rebounds and 2.2 assists while shooting 39.1% from three-point range in his lone college season at Minnesota (33 games, 30.1 minutes per contest).
The Clips will be using the second-round pick exception to sign the 6’5″ guard, with the fourth year being a team option. Based on the reported terms, Christie will almost certainly receive a rookie minimum — a four-year, minimum-salary deal for a rookie would work out to $7,895,796.
Christie is the younger brother of guard Max Christie, who agreed to a four-year, $32MM deal to return to the Lakers.